Data: James Wynn turns to PEPE trading after losing over 100 million dollars in Bitcoin

ChainCatcher news, according to CoinDesk, trader James Wynn established a $12 million long position in PEPE futures on the Hyperliquid platform on May 30, after losing over $100 million in Bitcoin leveraged trading. Data shows that this 10x leveraged position currently has an unrealized profit of 10.66%, holding 934 million PEPE tokens.

Previously, James Wynn had established a $1.25 billion long position in Bitcoin at an average price of $108,243, which was liquidated when the price fell below $105,000. Market observers have differing opinions on his trading motives, with some suggesting it may be an attention-seeking behavior.